Inflation in things we need, Deflation in things we want.
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The 5 Top Trophy Properties to Buy in Europe
Europe’s losses may turn into the real-estate investors' gains. The governments of Italy and Greece hope to raise more than $2 billion from selling off treasured land and properties. There are palaces and castles in Italy and lots of island property in Greece. Greece has especially eye-catching bargains, as Donald Trump noted on CNBC earlier this summer. "You're getting the land for nothing, you're getting everything for nothing,” said Trump. No one has done a big deal yet in Greece or Italy – probably because they want to wait to see what happens to the euro zone. Other likely obstacles are the red tape, ... (full story)